# Mitsubishi Electric and Denso to acquire 25% stake in Coherent's SiC business for $1B

Mitsubishi Electric and Denso will together acquire a 25% stake in Coherent's silicon carbide (SiC) business for $1 billion, aiming to secure a stable supply of the semiconductor material.

- Type: Acquisition
- Announced: 2023-10-10
- Where: United States
- Value: $1.00B
- Status: announced
- Products: silicon carbide (SiC) semiconductor material
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Mitsubishi Electric](https://endata.com/companies/2378.md) (acquirer)
- [DENSO](https://endata.com/companies/2901.md) (acquirer)
- [Coherent](https://endata.com/companies/32127.md) (target)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/tech/semiconductors/denso-mitsubishi-electric-to-invest-1bn-in-u.s.-ev-electronics-firm), 2023-10-10: "Mitsubishi Electric and auto parts supplier Denso will together acquire 25% of U.S. materials maker Coherent's silicon carbide (SiC) business for $1 billion under an agreement announced Tuesday."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.